Question: I need guidance with this general accounting problem using the right accounting principles. A company has an inventory of 15 units at a cost of

I need guidance with this general accounting problem using the right accounting principles.

A company has an inventory of 15 units at a cost of $10 each on July 1. On July 8, they purchased 10 units at $12 per unit. On July 16, they purchased 20 units at $13 per unit. On July 25, they sold 35 units. Using the FIFO periodic inventory method, what is the value of the inventory on July 25 after the sale? a. $130 b. $160 c. $120 d. $180

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